Oil Prices End Lower As Forecasts Point To a Rise In Weekly U.S. Crude Supplies

By Myra P. Saefong Markets MarketWatch Pulse

Oil futures settled lower on Tuesday as traders bet that weekly data will show an increase in crude inventories for a fourth straight week. The American Petroleum Institute will release supply data late Tuesday, while the Energy Information Administration's report comes out Wednesday. Analysts polled by Platts forecast a rise of 3 million barrels for crude stockpiles. April West Texas Intermediate crude fell $1.40, or 3.7%, to settle at $36.50 a barrel on the New York Mercantile Exchange.

Continue Reading Below

Copyright © 2016 MarketWatch, Inc.